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20130113
20130121
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SFGTV 17
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English 17
Search Results 0 to 16 of about 17 (some duplicates have been removed)
SFGTV
Jan 16, 2013 12:00pm PST
pre-payment and [kphr-ebgs/] agreement, as well as sfpuc tax certificate, very similar to the review when you review our bond approvals for when the sfpuc is an issuer. in this case the issuer would be the wholesale customers not directly the sfpuc. >> and todd, just formality benefit of the public can you quickly distinguish who would be our wholesale customers versus retail? >> our whorl sale customers are primarily san mateo, santa clara and alameda counties. they are 26 agencies that provide water to aapproximately 1.5 million people outside of san francisco. inside of san francisco, are our retail customers and our retail customers will also benefit from this, because they will see lower bills than they would have otherwise seen with the capital repayment. the commission approved this back in december. it provides for rate-payer relief in the flare term, specifically in the next 8-10 years for our retail consumers. a total of $362 million and it is permitted under the con trouting agreement that was signed by city and customers in 2009. this slide is the most important for our
SFGTV
Jan 16, 2013 7:00pm PST
plan. and we're required to use them for eligible expenses under what the irs requires tax exempt bond financing. in addition to that we would use them for some reserves and those reserves basically allow us to have lower rate increases in future years. that is how they flow through the model. the prepavement collection agreement allows foyer surge charge and what will happen the water rate for wholesale customers will go down, but they will levy a surcharge on themselves and they will provide that information to us and we'll be a billing and collection agent. the approval would be before you, consideration and finance today. the board next week, if you concur, and then they would like to go to market in january, january 31st and close at the end of february. thank you for your consideration. we very grateful for the budget analyst's report and their thorough review and we agree with their recommendation as well. >> thank you. i had one question. there was a section that budget analyst report highlighted which basically said that the requirement or part of the agreement also inde
SFGTV
Jan 19, 2013 11:00am PST
of five positions in the office of treasurer and tax collector for the implementation of proposition e and the gross receipts tax. >> would you call item no. 8 as w. item no. 8, ordinance appropriating $1,566,145 from the general fund reserves so to the san francisco department of treasurer/tax collector for gross receipts tax implementation planing for fy2012-2013. >> these two item goes hand in hand. so we have, i believe greg cotto from the treasurer/tax collector to present on these two items. >> good afternoon, supervisors. thank you very much for taking up these items. and i did want to, before i get into this presentation, thank the mayor and particularly the mayor's budget office and controller and his economic team, as well as the city attorney's office. president chiu, supervisor farrell and supervisor avalos. i would like to give a brief overviewhoun it changes things fort taxpayer and how the office of treasurer/tax collector interacted with the public. the ordinance was passed on november 6th. and it does not apply to the 2013 or prior tax years. and just for your inf
SFGTV
Jan 17, 2013 3:30am PST
bond documents, a tax certificate, as well as a surcharge fund ordinance and most important that it provides rate-payer relief and savings. with that in mind i would like to thank the sponsors, the mayor's office, as well as supervisor chu. before you is a wholesale customer repayment, who purchase about two-thirds of all the water next hetchy system have the opportunity under their contract arrangement with the city to be able to pre-pay capital costs repayment. and these are old capital costs that were incurred previously. monday we sold our own sewer bonds of $19 2 million worth, our wholesale customers as well are able to issue bonds and now experience refunding savings. the approval would include pre-payment and [kphr-ebgs/] agreement, as well as sfpuc tax certificate, very similar to the review when you review our bond approvals for when the sfpuc is an issuer. in this case the issuer would be the wholesale customers not directly the sfpuc. >> and todd, just formality benefit of the public can you quickly distinguish who would be our wholesale customers versus retail
SFGTV
Jan 16, 2013 12:30pm PST
reviewed rather than just the structure within the treasurer/tax collector? it could very well be this is right classification. i just want to understand that process. >> supervisor, as you know, all of the city's classifications are reviewed by dhr and i know dhr did work with the treasurer's office to identify the appropriate classifications. the09 53 position, just the salary and range for that position is $125,000 to $159,000 on an annual basis. i think the information reflected in the budget analyst's report is the fully-loaded costs meaning the fringe benefits and the salaries as well. the deputy director 3 the 0 53 as i understand is the appropriate deputy director level for the treasurer's office based on their organizational structure, which uses the 0953 classification. >> if i just take a look at the high-end of that classification, at $159,000, and i'm multiply it .42, i still only get $226,000, so i just wanted to understand what the differential was. why don't we go to the budget analyst's report. >> madame chair and supervisor avalos, yes, that number in our
SFGTV
Jan 14, 2013 3:30pm PST
for these new economic changes. we have given economic tax breaks for the new companies starting up in the city; we have changed our business taxes well. a lot of these changes are changes that affect big business in san francisco but we need to do more to make sure that we support every day businesses. we are seeing higher income people; (indiscernible) i really believe that san francisco needs to do something deliberate, specific that measures how people on the bottom rung are getting by in a better way. it's not enough that we just serve the wealthy interest; we make sure that as we do that that we support the people that i getting by not as much of the city. i was at dc about two months ago, i went to a lot of different monuments, really beautiful statues, beautiful buildings, the lincoln memorial, actually passed the lincoln memorial onto the franklin delano roosevelt memorial. something struck me there, quote from fdr: the test about progress is not whether we add more to those who have enough but whether we provided enough to those who do not have enough. we want to make s
SFGTV
Jan 17, 2013 7:00pm PST
on this item a group allocation memo of prop k sales tax funds as well as prop aa the vehicle registration funds. >> i will present the first item and courtney will present the last three items. this item begins on page 19 of your packet. we have five prop k requests and prop aa request is link to one of the prop k requests. we adopted a five-year plan. this project are in compliance with the five-year plan except with the -- funding. we have to find funding for the conceptual engineering part for that. prop aa program we adopted strategic planning for those funds. expected leveraging, page 25 and 28 go through brief descriptions of the requests in our recommendations. the first two requests are part for the one ba area grant. we are not entering the project development phase, increasing project readiness. all the project are addressing cost issues, engineering issues, immediate support, environmental issues to make sure we have the strongest project to go through the federal funding cycle. we are the january to april time frame. in february, cac march plans and programs committee wi
SFGTV
Jan 20, 2013 3:30am PST
choose whether or not they wanted to add additional revenue, raise taxes or fees in some way, have additional revenue to their budget and they could see what additional investment could be afforded if they made that choice. this is a summary other groups that we reached. i would note that we did ask for volunteer information about participants' zip codes, and incoming demographic information. only about 55 percent of the participants actually gave us that. what you are seeing here is a map of the 55 percent of the participants who did give their zip code noting about 15 percent of the respondents were not san francisco residents or indicated they were not san francisco residents. these were some of the findings. this chart shows the choices that participants made when they created their budgets. the choices they made about investing in operations and maintenance. the dark blue bars show the choices about investments in transit operations and maintenance. the height of the bar is a percentage of respondents made the choice. 80 percent chose to increase the amount of investment in tr
Search Results 0 to 16 of about 17 (some duplicates have been removed)